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Tribunal decision on LATAM airline agreements may distort competition, Chile’s enforcer says

Tribunal decision on LATAM airline agreements may distort competition, Chile’s enforcer says

16 November 2018

Chile’s antitrust enforcer is seeking permission to appeal a competition tribunal decision approving LATAM airlines’ agreements with American Airlines and International Airlines Group, as it says the remedies the tribunal imposed are “difficult to control and could even distort competition”.

Hungary fines telecoms company for misleading info on merger deal

Hungary fines telecoms company for misleading info on merger deal

16 November 2018

Hungary’s antitrust enforcer has reversed its clearance of telecoms company Digi’s acquisition of Invitel, and fined Digi €248,000 for providing misleading information.

Korea proposes merger guidelines revisions

Korea proposes merger guidelines revisions

16 November 2018

Korea’s antitrust watchdog has proposed revisions to its merger review guidelines to include how it intends to judge the competitive effects of transactions involving big data and innovation.

Simons defends divestitures to private equity

Simons defends divestitures to private equity

GCR USA - 16 November 2018

Federal Trade Commision chairman Joseph Simons defended the private equity business model from criticism by fellow commissioner Rohit Chopra, who has argued it can lead to less competition.

Behavioural remedies okay for vertical mergers, says Hoffman

Behavioural remedies okay for vertical mergers, says Hoffman

GCR USA - 16 November 2018

The antitrust agencies have not completely ruled out behavioural remedies as a solution in vertical merger cases, said the head of antitrust enforcement for the Federal Trade Commission.

Consumer welfare standard solved problems, Phillips says

Consumer welfare standard solved problems, Phillips says

GCR USA - 16 November 2018

Those who criticise modern antitrust enforcement do so without regard for how a revival of antitrust based on factors such as market structure and worker welfare would address problems solved by the adoption of the consumer welfare standard, a commissioner at the Federal Trade Commission has said.

November rain, indeed: The Tipline for 16 November 2018

GCR USA - 16 November 2018

Happy Friday! We have a full slate of news from the American Bar Association’s fall forum and other events, plus the Department of Justice’s settlement with the Carolinas Healthcare System – now known as Atrium Health. GCR USA is on holiday all next week for Thanksgiving, but keep an eye on the GCR briefings from London for any major happenings on this side of the pond.

Credit Suisse and UBS accused of boycotting Apple and Samsung mobile pay

Credit Suisse and UBS accused of boycotting Apple and Samsung mobile pay

15 November 2018

Switzerland’s competition enforcer is investigating alleged agreements between Credit Suisse and UBS to boycott Apple and Samsung mobile payment services in favour of a local Swiss mobile app.

Delrahim says he’s not a robber baron’s enforcer

Delrahim says he’s not a robber baron’s enforcer

15 November 2018

Responding to criticism that his agency is too lenient on competition enforcement, the head of the Department of Justice’s antitrust division pointed to a string of antitrust settlements the government has reached over the last week.

Finch calls for “rebalancing” of FRAND

Finch calls for “rebalancing” of FRAND

15 November 2018

The US Department of Justice is taking a step back when it comes to intellectual property, particularly in enforcing agreements to license on fair, reasonable and nondiscriminatory terms, a senior DOJ official said today.